Jupai Holdings Limited, a leading third-party wealth management service provider from China, made its trading debut on the New York Stock Exchange (NYSE) Thursday.
The U.S. Federal Reserve's ultra- low interest rate and quantitative easing policies have widened wealth inequality in the world's largest economy, said Joseph Stiglitz, a Nobel laureate in economics and a professor with the Columbia University.
Australians are the richest people in the world thanks to high property prices, according to a study released on Wednesday by investment bank Credit Suisse.
China's banking regulator has ordered the country's banks to set up a firewall between their popular wealth management products and their cornerstone lending to prevent risk.
Australia's economic growth is "no guarantee of rising riches for Australian families," as the latest official data on average household wealth has broken a decade of expansion by going into reverse from 2009, local media reported on Thursday.
Asia Pacific region leads overall wealth growth while North America reclaims its position as the largest High Net Worth Individuals (HNWIs) market, according to results of a survey released in Hong Kong on June 19.
Beverage tycoon Zong Qinghou said achieving common prosperity is not a distant dream for China, as the government has moved to narrow the wealth gap via secondary distribution.
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